Canceled newbuildings could push tanker market to boiling point

35 percent of the planned VLCC newbuildings, or 9 out of 25 super tankers that were set for delivery in 2015, are highly uncertain because they have been ordered from China's two problematic shipping yards Jinhai Heavy Industries and Rongsheng.
Read the whole article
Get access for 7 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
With your free trial you get:
- Access all locked articles
- Receive our daily newsletters
- Access our app
Get full access for you and your coworkers
Start a free company trial todayRelated articles:
VLCC rates now exceeding USD 60,000 per day
For subscribers
Saudi Arabian tanker giant lands ten-year contract
For subscribers
Shipping and oil struggle on Oslo Stock Exchange
For subscribers